Ital­ian of­fi­cials an­nounce deal to keep F1 race in Monza

Malta Independent - - SPORT -

The Ital­ian Au­to­mo­bile Club says it has signed a deal with For­mula One boss Bernie Ec­cle­stone to keep the Ital­ian Grand Prix in Monza for the next three years.

Ec­cle­stone and ACI pres­i­dent An­gelo Stic­chi Dami­ani had al­ready agreed ver­bally to terms in Septem­ber.

Stic­chi Dami­ani says "with a lot of work de­spite a ton of dif­fi­culty, we've for­mally signed the con­tract for Monza."

While de­tails were not an­nounced, the deal is re­port­edly worth 68 mil­lion eu­ros ($72 mil­lion), slightly less than the 25 mil­lion eu­ros ($26.5 mil­lion) per year Ec­cle­stone re­quested.

No cir­cuit has hosted more F1 rac­ing than Monza, which was on the in­au­gu­ral 1950 cal­en­dar and dropped off only in 1980 when Imola hosted the Ital­ian GP.

Next year's Ital­ian GP is sched­uled for Septem­ber 3.

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